Goldman Sachs: Threshold for Fed to increase rate cuts is low
Goldman Sachs Asset Management multi-sector head of investment Lindsay Rosner said: the Fed did what the market wanted. The market is satisfied with the Fed. The market is still ahead of the Fed, which is expected to continue to cut rates by 75 basis points this year (the Fed's dot plot shows 50 basis points). Since the unemployment rate and PCE estimates are very close (to current levels), the Fed could easily cut rates more (than shown in the dot plot).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US SEC will issue guidelines for cryptocurrency custody services
Negotiations on the U.S. crypto market structure bill may be postponed until January next year
Kazakhstan is advancing its national crypto and blockchain strategy with Solana at the core.